There are two, large conflicting opinions on the effectiveness of aid. Many of the aid agencies and some economists claim that aid that is focused and purposeful can be a strategy to lift people out of poverty. Other economists claim that development aid throughout African has been wasted over the past 50 years, and has … Continue reading Perspectives on Development Aid…
Tag: analysis
Illustrating cost theories with Google Spreadsheets
Cost Theory and Cost Curves are important fundamental concepts that helps students understand the theories of profit maximisation, economics of scale and the differences between market structures. Costs Curves are dynamic models that change depending on the variable and fixed production costs of the firm. To develop the students understanding we used two main resources … Continue reading Illustrating cost theories with Google Spreadsheets